TCTC Holdings LLC Acquires 25,200 Shares of HF Sinclair Co. (NYSE:DINO)

TCTC Holdings LLC raised its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,323,878 shares of the company's stock after buying an additional 25,200 shares during the period. HF Sinclair comprises approximately 15.5% of TCTC Holdings LLC's investment portfolio, making the stock its biggest position. TCTC Holdings LLC owned approximately 6.55% of HF Sinclair worth $431,952,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new stake in HF Sinclair during the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC raised its holdings in shares of HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after acquiring an additional 327 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after acquiring an additional 558 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in HF Sinclair in the 3rd quarter worth approximately $50,000. Finally, Coastline Trust Co purchased a new position in HF Sinclair during the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Stock Down 1.0 %

DINO stock traded down $0.35 during trading hours on Friday, hitting $33.54. The company's stock had a trading volume of 16,410,391 shares, compared to its average volume of 2,200,069. The stock has a 50 day moving average price of $35.43 and a two-hundred day moving average price of $39.39. HF Sinclair Co. has a 12 month low of $29.85 and a 12 month high of $64.16. The company has a market capitalization of $6.32 billion, a PE ratio of 40.90 and a beta of 1.13. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

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HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. On average, equities research analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date was Thursday, March 6th. HF Sinclair's dividend payout ratio is 243.90%.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DINO shares. Mizuho reduced their target price on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Piper Sandler set a $46.00 price objective on HF Sinclair in a research note on Friday, March 7th. Wells Fargo & Company lifted their target price on HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Friday. JPMorgan Chase & Co. reduced their price target on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, December 10th. Finally, Morgan Stanley decreased their price target on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $47.00.

HF Sinclair Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.